Identify which of the following statements is true.
A) All trusts and estates must use a calendar year-end.
B) All estates with gross income of at least $500 must file an income tax return.
C) Trusts are required to make estimated tax payments.
D) All of the above are false.
C) Trusts are required to make estimated tax payments.
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The profit center income statement should include only revenues and expenses that are controlled by the manager
Indicate whether the statement is true or false
Nothing can tarnish the reputation of a nonprofit as fast as
a. not meeting fundraising goals b. poor management of financial trusts c. deriving revenues from sources unrelated to their core mission d. using a "hard sell" in working with donors e. asking volunteers to do too much
In the EOQ model, determining the optimal order quantity requires us to ______.
A. increase the number of orders along with quantity ordered at any time B. strike a balance between quantity and quality of materials ordered C. strike a balance between ordering and holding costs D. increase the number of orders depending on the volume discounts provided
According to your text, corporate social responsibility, sustainability, and environmentalism, whether they are implemented domestically or globally, are about
A. stakeholders. B. profits. C. ethics. D. company image. E. communication.